ForexSpirit

If cost averaging is such an important part of my forex trading strategy then why do I bother to ever close a trade out for a loss? Why not just keep cost averaging until all my open positions come back into profit and then close them all out?
If you’ve harboured such questions then [...]

This week’s edition of John Mauldin’s Thoughts from the Frontline newsletter includes some great information on the really long term view of the dollar against the euro. The dollar is currently in the same place it was 12 years ago. Plus c’est la meme chose, plus ça change.
Another interesting part of this week’s [...]

This week is turning out to be a great time of self-analysis and learning. For too many months now my main currency pair has been stuck in a rut. It has certainly been an experience being trapped within a 400 pip range on EUR-USD; trading in a congestion range is an important skill [...]

One of the very first statistics that most people come across as they start out on their trading adventure is that 95% of traders lose money. I’m sure that each and every one of those people thought to themselves, “I’m going to be one of the winning 5%”. I know I certainly did.
Another [...]

There is a rather lengthy article that was recently added over at the Forex Factory, and it’s not even primarily a forex article. The article was written by John Carter and is concerned with introducing the reader to the futures markets. I found it worth the read, picking up some useful tidbits of [...]